Financial Statement Compilation Services

Compilation Services

When your business needs professionally prepared financial statements, but not the level of scrutiny provided by a review or audit, a compilation engagement offers a cost-effective solution. At Wei, Wei & Co., LLP, our compilation services provide a clear and organized presentation of your financial information, prepared by experienced CPAs and tailored to meet the needs of your stakeholders.

What Is a Compilation?

A compilation is an accounting service in which a CPA prepares financial statements based on information provided by management. It does not involve any assurance or verification of the underlying data. Compilations are conducted in accordance with the AICPA’s Statements on Standards for Accounting and Review Services (SSARS).

While a compilation report includes a CPA’s name and professional letter, it does not express any opinion or assurance about the accuracy or completeness of the financial information.

When to Use a Compilation

Compilation services are ideal for:

Privately held businesses that need financial statements for internal purposes or third-party use
Startups and small businesses that want professional financials without the time and cost of an audit
Businesses seeking financing from lenders who do not require assurance engagements
Nonprofits preparing statements for board review or informal reporting

If you need to present clean, organized financials but don’t require audit or review-level assurance, a compilation is the most efficient and affordable option.

What’s Included in Our Compilation Services?

Preparation of financial statements (balance sheet, income statement, cash flows, notes)
Formatting in accordance with U.S. GAAP, IFRS, or other frameworks
Optional disclosure footnotes tailored to user needs
Issuance of a CPA compilation report
Timely delivery and open communication throughout the engagement

We tailor our compilation services to your business needs, reporting standards, and presentation format, whether monthly, quarterly, or annually.

Our Compilation Process

Our goal is to make the process efficient, accurate, and as easy on your internal team as possible:

Initial Consultation
We discuss your reporting objectives, timelines, and the financial framework to be used.
Information Gathering
You provide financial records and relevant documentation—we help guide and organize as needed.
Statement Preparation
Our CPAs prepare your financial statements based on the data provided, formatted for clarity and professionalism.
Report Delivery
We issue a CPA compilation report, including optional footnotes or management commentary if requested.

Service Type	Level of Assurance	CPA Procedures Involved	Ideal For
Compilation	None	No testing, analysis, or inquiry	Internal reporting, banks with minimal requirements
Review	Limited	Inquiries and analytical procedures	Stakeholders who want moderate assurance
Audit	High	Detailed testing, verification, internal controls	Public companies, high-stake compliance